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Wall Street Week Ahead: Investors give value stocks a second look as bond yields rally

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Reuters

By Lewis Krauskopf NEW YORK (Reuters) – U.S. value stocks may be getting a second wind, as bets on economic strength bolster Treasury yields and lift cyclically-sensitive shares that have stagnated in recent months after a powerful rally earlier this year. The S&P 500 value stock index, which is relatively heavily weighted in shares of financials, energy firms and other economically sensitive companies, is up 5.5% from last month’s lows, outperforming its tech-heavy counterpart by more than a percentage point in a rally that accelerated over the past week. The value index is up 18% this year, …

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